Bitcoin Cash remains ranging in the $2300 handle, just below the central moving average of the KRI , though the band width of this indicator is contracting which could indicate a breakout is near. It does appear to be forming a massive dragon head pattern, and the Kovach Momentum Indicators are still bullish which may indicate that it is coiling up for another breakout. It does seem to be the last altcoin to get the memo, not benefitting from the fervor in Neo, Ethereum , or Ripple, so we can consider it competitively priced in this space.

Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!